CHICAGO, May 17, 2021 /PRNewswire/ -- CME
Group, the world's leading and most diverse derivatives
marketplace, today announced it will expand its suite of
micro-sized futures contracts with the introduction of Micro WTI
futures. The contracts are expected to launch on July 12, pending regulatory review.
Micro WTI futures will be one-tenth the size of the company's
global benchmark WTI Crude Oil futures contract and cash-settled.
They will enable market participants – from institutions to
sophisticated, active, individual traders – to fine-tune exposure
to crude oil markets and enhance their trading strategies in an
efficient, cost-effective way.
"As U.S. crude continues to gain global significance, we are
seeing increasing demand for tools that help a broader range of
clients access these markets," said Peter
Keavey, Global Head of Energy Products at CME Group. "WTI
futures have always been a top product for active traders around
the world, and the smaller size of Micro WTI futures will offer
more flexibility and greater precision to market users – all while
enabling them to benefit from the transparency and liquidity of the
world's most robust crude oil contract."
"Interactive Brokers' advantage has always been our low cost,
advanced technology, and breadth of products offered," said
Steve Sanders, Executive Vice
President, Marketing and Product Development at Interactive
Brokers. "We are excited to add Micro WTI futures to our product
roster, which will allow more of our sophisticated individual
investor and active trader clients to participate in the global oil
markets."
"We continue to see demand from retail active traders for micro
sized futures products like this that provide access to attractive
markets with greater flexibility and efficiency," said J.B.
Mackenzie, Managing Director at TD Ameritrade Futures and Forex,
LLC. "The launch of Micro WTI futures brings the crude oil
markets to our clients in a more cost-effective way and is one more
tool to help our clients diversify their exposure and hone their
trading strategies."
"As a growing audience of self-directed investors and traders
continues to gravitate to the futures markets, we are excited to
introduce the new Micro WTI Crude Oil contracts to the NinjaTrader
user community," said Martin
Franchi, CEO of NinjaTrader Group, LLC. "The smaller
contract size available through this product innovation will
significantly increase accessibility for more traders to this
dynamic market and the opportunities available through
futures."
"TradeStation Securities, Inc. is proud to continue our strong
relationship with CME through the launch of Micro Crude Oil
Futures. As a platform for retail and institutional investors,
we're excited to offer our clients access to U.S. crude at a lower
barrier of entry," said John
Bartleman, President of TradeStation Group, Inc.,
TradeStation's parent company. "As day-one supporters of this new
product, we're continuing to prioritize our clients access to the
latest Futures products and technology."
Micro WTI futures will be cash-settled based on the daily
settlement price of NYMEX WTI futures. The contracts will be listed
on and subject to the rules of NYMEX. For more information or for
product specifications please see:
https://cmegroup.com/micro-wti.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing. With a range
of pre- and post-trade products and services underpinning the
entire lifecycle of a trade, CME Group also offers optimization and
reconciliation services through TriOptima, and trade processing
services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima,
and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD,
TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
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SOURCE CME Group